2012-10-06
2012-10-14
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is progressing and away the mature economic and economy as we have it pretty sound situation. well, if you compare what is happening in the u.s. in terms of the design of the framework of my economic policy, this is a totally different vision. in the u.s. you have the degree of flexibility. it's ready to intervene and to apply a very flex ability monetary policy, wearing europe the process is very cumbersome. it is a process in which the decision-making is extremely complex and we lack a proper lender for sovereign ends. this is the root of the problem today, that we have to apply fiscal policy, but we don't have a sufficiently policy. i would like certainly a lender of last resort. there is a situation for and stability in the sovereign that markets an example for that, in this chart you see the spread of the government that equally compare with germany and the spread is nearly 650 basis point. as you can all understand, it is impossible to work within a monetary union with such discrepancies between the core countries to finance themselves in european countries in this case, we have to p

of this and to give us a perspective on the economy going forward. on wall street, stocks finished the nasdaq down about 13 points. for the week, both the dow and s&p up 1% while the nasdaq posted a fractional gain. as i reported, the september unemployment report did come in at 7.8%, down from 8.2%, 114,000 jobs, 10,000 of them government jobs. unemployment is 15% with 23 million americans still unemployed, under employed, or having simply given up looking for work. crude oil dropping again on concerns of slow economic growth. crude oil down a dollar 83 under $90 a barrel. for california, prices statewide for gasoline are $4.99 a station, and some stations charges $6 a gallon. others shut down because of gasoline shortages. nationally, the price of a gallon is now $3.79. good news, however, exxon reporting its refinery in california is back up to full operating capacity, but the chevron is still not at full capacity. we are joined by the former congressional budget office director, the of the american action forum. doug, good to have you with us. i never heard people be intelligent in their own s

it the economy tax. it's been crushing. >> question. why did president obama seem thrown off balance? did he underestimate governor romney, pat buchanan? >> he certainly d. governor romney performed better on substance than any candidate in any presidential debate in history. reagan would have beaten him in style in 1980 but on substance i've never seen anybody better prepared than governor romney. he was on of fence. the real question, why did barack obama, the president, do so badly. john, he didn't come prepared for what he found there. he seemed difident, almost disinterested, sour. when they had the two pictures together he was looking down at his notes and the governor was talking to him as if he was lecturing him. some say he's lost his enthusiasm for the battle. he looked like he was weary of the job. i think it may have been something to do with him having been out on the road for a year saying the same thing. he didn't seem to be intellectually stimulated. >> do you think he's overstating that? >> i think mitt romney far exceeded expectations. he turned in a bothow performance. i t

. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the president understands-- you know, the president is his harshest critic, and without getting into detail, i think you can assume he has reviewed the tape and it will inform how he handles these subsequent debates. >> schieffer: do you think he was ill prepared. some are saying it was the people who prepared him. you were in the room. >> i was one of the people who prepared him. i'm happy to take whatever responsibility people assign to me. i think it was more what he said. i think he went thinking this is going to be a discussion about the country's future and he was confronted with this gantry-esque performance on the other side, serially rewriting history. >> schieffer: what did you say, as in elmer gantry? >> reporter: you talked about there were issues in this debate. it was suppose to be a debate, where there were some areas of perhaps facts that the preside

our economy forward, as he has for 31 straight months. and 44-month low in the unemployment rate. you know what is really shocking is that you have republicans, colleagues of mine, mitt romney, reince priebus, disappointed to continue the football analogy. they were rooting for a fumble and it's unbelievable that they are disappointed that we have a 44-month low in the unemployment rate. the american enterprise institute said that anyone talks about cooking the books is living in crazy town. so i guess chairman priebeus and other republicans either are dwelling there or simply rooting for failure. we need to continue to move our economy forward. >> shannon: the same grandpa, aei, said that under the president's plan, taxes would go up by $4,000 are they right? >> the tax policy center, which made up of economists from the bush administration and as well as the clinton administration, their asis says when it comes to mitt romney's and paul ryan's budget plan, it would cost $2,000 to pay for tax breaks for millionaires and billionaires, it turns medicare into a voucher system. that's on

. in all three battleground states, voters by double digits believe the economy is getting better compared to the numbers back in july. >> and mark halperin, that may be the big takeaway from this poll. the race is getting much closer. nobody can predict what's going to happen. if you look at a big friend, thoug trend, you've got to look at a lot of americans in these swing states are looking at the economy saying things are getting better. >> it's clearly a huge factor and yet, obviously, the debate from denver is also a huge factor. i think, you know, we look a lot at the margin of error, and these numbers aren't shifting all that much. what's key is in a lot of the states the president is below 50. that's a danger sign for him. the economy is getting better. it all goes back to the electoral college. you play with the numbers, look at these polls, romney still has to win six or seven or maybe eight of the battleground states in order to take this. and right now he's not there. but he's in a better position clearly than he was a week ago. the economy getting better has caused romney to s

in california. so why should the rest of us care? what does it say for the rest of the country and economy as a whole? >> great question. in a lot of ways california is an incubator what is going on. we have no national energy policy. as a result of that billions of dollars where there are solo panels of green energy but the average american is struggling every single day to pay their bills. if you look at the middle-class, the poor in this country, the underemployed, an extra $20 a week makes a big difference. here we have our own politicians arguing daily taxing the rich and middle-class and these dollars are getting sucked out of that wallet. >> heather: we did hear that touched on briefly in the last presidential debate. we had mitt romney and president obama talking about oil subsidies to oil companies versus green energy policies. what did you think about that argument. sometimes we get caught in minutia when we are getting away from reality the in the last four years, gas prices and oil prices nearly doubled doubled. what affect it has on our g.d.p. and ability pay our bills, to edu

, the one thing they are specific about is they will take taxes from 18.5% of the economy under normal circumstances, the historical average for the last 30, 40 years, to 21%. that over a decade is a $5 trillion tax increase. they tend not to talk about it, but it's the most important thing in simpson/bowles, a $5 trillion tax increase. there is no room for tax reform because they take all that lovely money, and they spend it. >> look, okay, there's tax rates and tax revenues. now a couple of things, tax rates, marginal rates are different from tax revenues. revenues can come from growth, from capped deductions. i just want to ask you, grover, do you support mitt romney's plan which would lower the rates, put a strict limit on the dollars of tax deductions and increase the economic growth rate? do you support romney? >> well, romney's plan is revenue neutral. he's made a commitment to the american people not to have a net tax increase. that's a great plan. obama wants higher tax rates, and schumer, the leader in the senate, made that clear as well, so it's between romney wanting to cut

know that he cares about women and he cares about making the economy good for women and he cares that these past four years have been the most difficult on women. more women have become unemployed than men in the last four years. you also know that more women have fallen into poverty in the last four years. i know that we need to have women out there understand at thatmitt is a person cares and will work harder than anyone, that will be there, and he will not fail. host: the question is whether political spouses affect your vote. kathy in fort worth, texas, republican line. caller: good morning. my name is actually jackie. i am a mother. i'm not wealthy or educated. i went to high school. i have three sons and two grandchildren. i think it's wonderful to hear their spouse talk about them. it makes me see a different perspective in their personal lives. so i think it's good. host: what is it in particular that you like hearing from the wives of the candidates? is it their personal stories? is it them talking about their families or their professional experiences? caller: i think i

thing congress can do that would stimulate job growth or lift the overall economy? boswell: right now we are an agriculture stated we are much more. we are certainly in agriculture state and we don't have a farm bill. it comes up every five years and it's very important to iowa and all of the crop bearing fire for producing states in the middle was an across the country. we have to have a farm bill and there have been political posturing. the speaker -- mr. latham's best friend i'm told. persuade him and bring them to the floor and let's have a discussion and do whatever amendment is going to do to take it to conference and get it done. >> moderator: congressman latham and congressman boswell the farm bill is the most important thing to stimulate job growth. latham: i have done everything possible to try to bring that tilted the floor. i have spoken out against leadership and i totally disagree with him but when you look kevin ag jobs, getting this economy going and has igoa rand and listening to constituents, small-business people, large business people, it doesn't matter. bavarian cert

the ayatollah sees. he sees his economy being crippled. the ayatollah sees 50% less exports of oil, he sees his economy going in a freefall, and he sees the world totally united in opposition to him getting a nuclear weapon. the president has met with netenyahu a dozen times. i was in -- just before he went to the un i was in a conference call with the president -- with him talking to netenyahu for well over an hour and stark relief of what was going on. this is a bunch of stuff -- >> what does that mean? >> biden: it means it is simply inaccurate. >> ryan: it is irish. >> biden: it is. the secretary of defense has made it -- you can't walk anything back. we will not allow the iranians to get a nuclear weapon. what netenyahu held up there was when they get to the point where they can enrich uranium enough to put it into a weapon. they don't have enough to put it into a weapon. iran is more isolated today than when we took office. sit totally's a littled -- [overlapping speakers] >> ryan: thank heavens we had these sanctions in place. it is in spite of their opposition --

agenda. joe biden and paul ryan clashing on on the economy and the mideast. we'll bring you highlights. plus everyone from washington to wall street is still buzzing about a cnbc exclusive. as the fiscal cliff near, steve liesman sat down with lloyd blankfein, alan simpson and irs skin bowles. >> people won't understand how critical this time in history is. we have $7.7 trillion worth of economic events that will hit america in the gut in december. and in washington they're doing nothing about it. nothing abit. we should be asking these guys running for president and every guy running for congress what are you going to do? >> we're accepting the challenge to do something about the looming fiscal cliff, so this morning we will ask each of our guests about the stakes and consequences for action and inaction. blankfein predicts that there would an huge positive impact on the economy and the markets if a bipartisan compromise is reached. he says he would be a buyer of the market as a result. plus andrew has a great line of corporate leaders. >> thank you, becky. and did you a remarkable jo

that used to be. bill: republican nominee continues to press on this issue, that's the economy. >> can we afford four more years like the last four years? he wants another stimulus. how did that first one work out? and then, he wants to pick winners and losers among companies, or losers in his case and then, of course he wants to hire more government workers. look, all of these things have not ignited our economy the way it should be ignited. we've seen the slowest recovery from a recession. bill: john roberts traveling with the campaign. live in vanmeter, iowa, that is west of des moines. what is happening there, john? >> reporter: good morning. governor romney will be talking agriculture today. not surprisingly we're on a 700 acre farm owned by the cook family. a lot of soybeans and corn here. we're in madison county. governor romney won this in the caucuses by the way. he will argue the president's policies things like estate taxes, climate change, environmental regulations, energy policy are hurting farmers. he continues to go after the president on issue of jobs of the even though th

because it is when the middle class is growing that the economy grows and everybody does well. much as the focus on corporate america. >> i think the commission also. it is a privilege to be here and speak with americans. a good barometer here to see if this was a good time are a bad time in america's economy -- go to a kids' soccer game on saturday and turn any parent on the sideline and say how are you feeling about the economy and i bet you you will hear some fear in that parents voice. fear regarding the few investments that some of us have in the stock market. did we just take a major hit with those investments? fear about how will we afford to send our kids to college. a fear as small-business owners on how we will bar any made to increase inventory or hire more people. the barometer will be resoundingly that our economy is hurting and the federal government has not provided the sound oversight that we need and that we deserve and we need reform to that end. john mccain, thankfully, has been one representing reform could two years ago, john mccain was the one who pushed so har

. he was quoted as saying that he thought the economy was performing at near full potential. now, first of all, when we decide that 1.5% growth is near full potential, we are in terrible trouble. and i would say geithner suffers from an amazing lack of ambition for this economy. i actually think that's what's wrong with the entire obama administration, they have a lack of ambition for this country and what it can and should do. but i would also say if he believes that, that tim geithner believes that a public sector job is equivalent to a private sector job. it's not that public sector jobs aren't important. teachers are important, firemen are important, nurses are important. but a public sector job doesn't pay for itself. taxpayers pay for it. a public sector job doesn't create other jobs. a private sector job pays for itself and creates other jobs. i frankly found his statement shocking. both because of its lack of ambition and because of its misunderstanding of what actually drives growth. it's not public sector jobs. >> let me ask you this, under reagan's recovery, were we laying of

can't, you should and don't even try. >> there's no jobs for human spirit the economy is bad. it's all my fault and i can't fix it. >> i'm betting on china. >> i'm in over my head. >> not enough money to pay the bank. and we have to move. >> you should vote for mr. romney. >> apparently one should manage to get some behind the scenes video of the president. we told you last week about for lucky donors who won a campaign contest to a dinner with president obama. at least they thought they were lucky until the bill came. >> watch would have been. not a fancy place but watch what happens when the check comes. the check is put down. the president very slyly slides it across. >> and look how much the check is. $14 trillion. 14 trillion. >> thanks everybody. that is it for this special report. >> you couldn't make it up, but why bother? there it is. i want to thank steve and just encase has the urge to start drinking of the, we have supplied them with a case of pbr. that's how he celebrates. the annual mrc dishonors award, as its winners chosen by distinguished cross-section of the vast righ

're not getting that. look, we can grow this economy faster. that's what our five-point plan for a stronger middle class is all about. it's about getting 12 million jobs, higher take home pay, getting people out of poverty into the middle class. that means going with proven pro-growth policies that we know work to get people back to work. putting ideas on the table, working with democrats, that actually works sometimes. and then -- >> vice president, could we get to that issue of what you could bring as a man, human being? i'm really going to keep you to about 15 seconds here. >> he gets 40? i get 15. >> he didn't have 40. >> let me tell you, my record stands for itself. i never say anything i don't mean. everybody knows whatever i say i do. and my whole life has been devoted to leveling the playing field for middle class people. giving them an even break. treating main street and wall street the same. holding them to the same responsibility. look at my record. it's been all about the middle class. they're the people who grow this country. we think we grow the country the middle out, not from the

interrupting each other. >> for 3409 minutes voters saw two dramatically different visions on the economy. >> the last people who need help are 120,000 families for another, another 500 billion dollar tax cut over the next ten years. >> our entire premise of these tax reform plans is to grow the economy, and create jobs. >> to national security threats like a nuclear iran. >> and if they get nuclear weapons, other people in the neighborhood will pursue their nuclear weapons, as well. >> war should always be the absolute last resort. >> reporter: for the most part it was a substantive debate between two longtime lawmakers who tried to disagree without being too disagreeable. >> when my friend talks about -- >> reporter: biden avoided any trade mark gaffes but did provide a little levity. >> this is a bunch of stuff. look, here's the deal -- >> what does that mean a bunch of stuff? >> well it means it's simply inaccurate. >> it's irish. >> we irish call it malarkey. >> okay. >>> so much to talk about out of this debate. martha raddat zpchlt, i thought she was terrific. >> absolutely. if the

't get going, the grant could expire before the work is done. >>> and an encouraging sign for the economy, at least in idaho. they say the building slump there may be over. they highlighted major construction projects where hundreds of millions are being spent in the treasure valley. and those are headlines from america's great west. >>> and officials say a drone missile they shot down may have been spying on crucial sites. they released a video of the drone flying over the southern desert. with a good day to you, duncan, israel is saying this drone may have been sent by iran and hezbollah. are you hearing anything like that? >> reporter: hey, alex, good afternoon, well, officially the israeli government has not said who they believe launched the drone, however, they cite media sources which they blame hezbollah and the media backers. officials fear the drone may have been part of an operation to spy on strategic sites in the country. and hezbollah is known to have sent israeli drones in the air space on previous occasions, in 2006, they launched a drone capable of carrying explosives int

, wouldn't it be nice to have a job creator in the white house? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that promotes opportunity and jobs? mitt romney and i will not duck the tough issues. and we will not blame others for the next four years. we will take responsibility and we will not try to replace our founding principles. we will reapply our founding princip principles. the choice is clear. and the choice rests with you. and we ask you for your vote. thank you. >> and thank you, both, again. thank you very much. this concludes the vice presidential debate. please tune in next tuesday for the second presidential debate at hofstra university in new york. i'm martha raddatz of abc news. i do hope all of you go to the polls. have a good evening. >> that was 90 minutes that felt like it was about nine minutes. a fast-moving intensely combative debate for the vice presidential debate this year, focused on complex substantial issues of foreign policy as much as it focused on economic and social issues, obviously they di

given the economy -- >> that's not even what i'm getting at. >> people feel fundamentally better about the state of the economy. >> did i say i love jack welch? >> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so

that's the worst thing you can do for the poor is to have no economic growth and a terrible economy. the way you get the poor off the rolls is to get them a job. this president has done a terrible job in that regard. host: next phone call john republican. caller: he says, there's no reason to build roads in the suburbs when they put it in the cities. guest: sir, i'm not aware of that. you maybe referring to oneqrnsñf the transportation bills that passed. you confess that the funding mechanisms for those projects are very complicated. i'm not sure that i can be much help in your question. host: cleveland, ohio, democratic caller. caller: all you republicans keep saying the obama economic program didn't work. what happened, kennedy died, there was no control of the senate, you republicans filibusterrered 275 bills in 2010. they effectively killed the total obama economic agenda. we've had over the last four years the republican austerity. the vets jobs bill was filibusterrered. four republicans crafted the bill and when the bill came to the floor, 58 members on the floor, 42 rep

>> for an economy that is built to last. >> it's built to last. >> john: nicole says she doesn't mind hearing the same speech. >> it makes it that much easier to pinpoint when there is something new. >> whole pacperks up. >> you see us furiously typing. >> john: sometimes campaigns play with reporters, use us for their purposes. >> you get a joy in fooling the media? >> yes, but more importantly you wanted to have your own narrative at your own time. >> my running mate, dick cheney. >> before bush made this announcement, rove wanted to mislead the media. >> we had a a guy on the campaign who was leaker. he said what is going on? i said look, big secret, don't tell anybody but burn has decided to go with jack of missouri. >> john: media ran with the false story. >> i was the guy that was going to go leak. >> john: lying to the guy? >> yes. >> what it does it helps tell a story, you want it told by an evening anchor or a candidate that expresses why he made this choice. >> john: four years later the "new york post" says john kerry had picked richard gephardt to to be his running

's presidential debate lands a role in a brand new political ad. >> big, yellow, a menace to our economy. >> so much for big bird and the race to the white house. that's coming up. ou had heartburn. ♪ tum tum tum tum tums [ male announcer ] tums smoothies. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so good. ♪ boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quar

a deregulated economy and we have produced through low taxes, not high taxes, through deregulation the spirit of entrepreneurship, the individual going out and starting a business, the businessman or women willing to go out and risk their investments to start up a business and hire people. we have produced 17 million jobs in this country since 1982. deregulation as a form of political philosophy is a good philosophy. it's one that our opponents disagree with. they want a centralized government. but we believe in the market, we believe in the people and yes, there's a role of government and the role of government is to make sure that those safety and health and the welfare of the people is taken care of. and we'll continue to do that. >> senator bentsen? >> well, i think you see once again a piece of democratic legislation that's been passed to try protect the working men and women of america. and then you've seen an administration that came in and really didn't have it's heart in that kind of an enforcement. a good example of that is the environmental protection laws that we were talking abou

administration and libya as opposed to focusing in on issue number one, the economy? >> i think they're going to try and do both. i think the reason they're pounding at the libya issue is at they think there's an opening there. they found a chink in the armor. mitt romney right now is kind of tied with the president in the last poll we looked at on the leadership issue. they want to get an advantage. what they're trying to say and what joe biden said yesterday, if he didn't know, he should have known. the buck stops there. this is a question of who's in charge. what we did hear at the state department hearing is that there is an explanation for this from the state department which is they felt they wanted the libyans to take charge of their own security. and of course the president and the vice president are not involved in every security matter when it comes to embassies. but this being a political year, mitt romney is saying you know what, by implication if i were presidt, i would have known about the security problems. or the security problems would have been fixed o

about china's slumping economy and that's probably the bigger and more important piece of all of this. the ceo cautioning that the company's noticed a slight slowdown in some regions and end markets, namely china, lowering those expectations by a percent across the board. let's talk about where shares of alcoa are going. they have risen, though, in after hours. the company is raising its four-year outlook after sales held up despite cooling economic growth, shares rising on the news after the bell. and early this morning, costco out with its results. the warehouse operator's earnings and sales beat estimates, joe, so are you a costco -- >> never been. >> never been to costco? >> i don't shop, though, andrew. you've been? you need a truck to bring your toilet paper snohome? >> you've been to walmart? >> i've been to walmart a couple times. >> i'm not a huge shopper. >> jim cramer is a huge costco fans. they have all kinds of scavenger hunts you can go on to find all kinds of good deals. out with better than expected earnings. >> every quarter since its first, you always see the financi

. of the innovation economy. in the case of google, specialized search looked like such an innovation. product improvement that differentiate google's offering allows it to monetize its investment. we should be cautious about condemning such conduct for fear of discouraging precisely such innovation. the second sense i in secondt is -- in which is is relevant is in the more colloquial term. the colloquial sense of things changing quickly. when most people think about dynamism, most are thinking about things change fast. that issue. but the first census also extremely -- sense is also extremely important. the risk here lies the decree 88 effect of property in the status quo. every effort manufacturers -- for manufacturers to prevent car makers to move on to cassette because they have advanced after all. or buggy many factors to discourage carriage makers to moving on to cars. because there goes my market and i invested in good faith on the notion that carriages will continue to be made. or for travel websites, to have a defective right in a particular piece of real estate. i think the paper as

hit. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. [applause] because of your strength and resilience, the strength and resilience of the american people, we've made too much progress to return to the policies that led to the crisis in the first place. i can't allow that to happen. i won't allow that to happen. and that is why i'm running for a second term as president of the united states! [cheers and applause] i have seen too much pain, seen too much struggle to let this country get hit with another round of top-down economics. one of the main reasons we had this crisis is because big banks on wall street were allowed to make big bets with other people's money and governor romney wants to roll back the rules we put in place to stop that behavior? that's not going to happen. that is not going to happen. [applause] one of the main reasons record surpluses under bill clinton were turned into record deficits under george bush is because we put two war

monetary fund lowered its global growth forecast. for the next year expects the u.s. economy to grow at 2%. the eurozone look at that 0.2%. not growing. china 8.2%. looks pretty good. these are all weaker forecasts than their last report in july. for ten years china was growing at 10%. even slowing down a little bit to 7% or 8% and causing concerns. >> as john was talking about a moment ago the presidential race is a whole new ball game according to at least one new poll. the pew research next shows republican mitt romney leading president barack obama 45% to 49%. they were asking republicans more these questions. pew talked nor democrats last month. gallup's daily tracking poll shows president obama ahead of mitt romney by five points. let's go to marsha blackburn, a romney campaign surrogate. the poll numbers the significant rise for mitt romney and drop for barack obama, is that simply the calculations of the debate, do you think? >> i think the debate had a lot to do with it because people wanted to concisely and specifically see how mitt romney would move forward and function as pres

the guts o speak his name. >> big bird, big bird. >> big, yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about. it's sesame street. >> i'm going to stop this subsidy to pbs. >> mitt romney, taking on our enemies no matter where they nest. >> bill: now, the sesame workshop, which controls the image of big bird, asked the democrats to pull the ad. saying it's nonpartisan, doesn't want to get involved in that. this year the corporation for public broadcasting will receive $444 million. $444 million in taxpayer funding. that's money the nation does not have to spend. especially facing a trillion dollars budget deficit and a $16 trillion national debt. jon stewart and i debated the issue on saturday. >> the reason that we invest in things like public television is that it brings educational programs to communities that would not have them. it's one of the best investments we ever made in the country. >> bill: $16 trillion and we got to pay for bill moyer. let him compete on his own. you want educational programs, watch your program! spring for the

their administration -- the mediocrity of the economy, the failure in foreign policy and so forth. and let's face it, joe biden has had his share of being the punch line on the talk shows and the comedy shows quite a bit, and there's always that opportunity with joe biden we're going to see some major gaffe again. >> all right, so, let's see if the kids in college for thursday night start a drinking game for how many times they hear big bird mentioned between the vice president ticket-holders. jonathan capehart, karen finney and john brebender, thank you for joining me. >>> joining me in studio, ohio state senator nina turner. great to have you here. i know you've been listening to the conversation about ohio, so let's dig in. their voter registration deadline is today. both candidates are in ohio today, really trying to blanket that state and get their message heard. so, we have both men lasering in on ohio. the president's going to be in columbus. romney and surrogate chris christie are going to be in cuyahoga falls. we saw the polls, romney closing in states like michigan and wisconsin. do you th

on the political economy and the "a-team" joins us here later. >> to manage matter? what to the means? the vice-presidential debate looks to the scuffle between california democrats. we will show you the unlikely combatants. and with only three weeks in three days to go into election day, clear politics showing only nine states solidly in the obama column. the "a-team" is next. jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] mortgage. married. two great kids. he wants to protect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $50

be pursuing legislation to figure out how to fix this economy, is the first thing he should be doing. >> i do think, though, you either stand for something or you don't. people -- if the president comes out and says i'm for something, you expect him to pursue policies that are consistent with that. i think this is really a case of him having it both ways on the choice issue. >> the point is there's nothing to do with legislation, things like doing international funding for abortions which he says he won't do. >> you agree that it is confusing to people when you say one moment that you're not going to pursue any policies that are restrictive of abortion and on the next day you say i'm pro life, right? it is confusing to people. >> no. by the way, i am very glad he's doing this, as a republican. >> i'm sure you're glad because it's moderate mitt and you're a moderate person. >> we'll leave it here and have you back in the 6:00 hour. you can continue this discussion. thank you very much. >>> john, at the top of the hour we'll talk with bret o'donnell, a veteran president debate coach credited wi

saw two dramatically different visions, from the economy. >> the last people who need help are 120,000 families for another -- another $500 billion tax cut over the next ten years. >> our entire premise of these tax reform plans is to grow the economy and greet jobs. >> reporter: to national security threats, like a nuclear iran. >> and if they get nuclear weapons, other people in the neighborhood will pursue their nuclear weapons as well. >> war should always be the absolute last resort. >> reporter: for the most part it was a substantive debate between two longtime lawmakers who tried to disagree without being too disagreeable. >> when my friend talks about -- >> reporter: biden avoided any trademark gaffes but did provide a little levity. >> this is a bunch of stuff. like, here's the sgleel what does that mean, a bunch of stuff? >> it means it's simply inaccurate. >> it's irish. >> we irish call us malarkey. >> thanks for the translation. >> dana, the stuff was certainly flying at that debate last night to quote joe biden there. a debate with a lot of substance, as we've all bee

with ross perot by richadr wolf. he talks about the economy, the debt, and how it has changed since his campaign in 1992 and 1996. >> i told you, i do not want to until i go broke, you would say, whether you talking about? that is what you just said but and polished turns -- recession. he will not pay your debt if he did not have the money. if we are running your debt up, you are making it next to impossible to pay your debt. we have to do this now and start getting it done. it can be done if we had entered the house, the senate, and the white house have the well. they should have the full support of the american people to get it done. talks today's richard wolf's with ross perot sunday at 1:45 eastern on c-span. now, the vice presidential debate from the 1988 campaign. michael dukakis picked lloyd bentsen of texas. the two candid for about 25 years apart in age, something that provided one of the defining moments. there was held in omaha, neb.. is about one hour and 35 minutes. >> good evening. on behalf of the commission of presidential debates i am pleased to welcome me to the vice p

businesses. a major impact a dozen events are having on san francisco's economy. >> you can wake up with ktvu every morning get the mornings top stories that develop while you were sleeping sent straight to your cell phone every weekday morning at 6:00 a.m.. text the word wakeup to 70123. ♪ places it will take you. ♪ dreams it will make come true. ♪ with technology and style to match your achievements and desires. ♪ the question is where will your new es take you? ♪ introducing the all-new lexus es. ♪ >>> welcome back. time now 6:24. a sky diving daredevil is hoping to set new records tomorrow attempting the highest and fastest free fall in history. 43-year-old felix bumgarner is scheduled to make the fall tomorrow. reaching an altitude of 23 miles. the usa tree january wants to break two records free falling the farthest ever at 117,000 feet and falling the posttest eventually breaking the sound barrier. >>> the political world is remembering foreigner california lieutenant governor and congressman mervyn dymally this morning. he also served in both houses of the state legislatur

is going back to the economy, pushing hard on jobs and the idea that the obama record ask not deserve re-election as he has been saying now since the convention, saying the country cannot afor another four more years of this. >>shepard: thank you, carl cameron coming from delaware, ohio. >>shepard: this is on the east of the first and only scheduled vice presidential debate with less than a month until the election. polls are tightening. the stakes are high. vice president biden under pressure to reverse the momentum after the lack of president obama's performance and the v.p. has decades of experience and he has had some great debates. youtube, google it, look it up. but he has the reputation for gaffes which makes it great. paul ryan, owns has lots of different specific positions but he hasn't mentioned them the maybe he will capitalize on the momentum tomorrow. he made a name for himself in congress but is a newcomer to the national stage. with us now is a former consultant on president obama's campaign back in 2008 and a republican minority leader and new jersey state assemblyman. it

of plutocracy in our economy. >> guest: autonomy is less excitable word than plutocracy. but his point was there a few platonic mates around the world and is characterized by a tremendous concentration of wealth at the top and the wealth that is greater than say the bottom 90%. and he says that's who's going to buy products. that is who's going to drive the economy and the middle-class is not as important. >> i think you seen the book for people who make less than $200,000, they don't count. just good they are relevant. and this is in the eyes of the hedge fund people. these are hedge fund people talking. and you can understand where they're coming from. the middle class in china endorse the middle-class. middle class in india, brazil, you name it. it's why they say the u.s. is kind of irrelevant nonsense. >> they are always looking for growth and that is the heart of global financial aristocracy. they want growth. they want rosenstock script on the companies at the multinational connections and operations and revenue streams. and that's why they see the middle-class in china and india

opponents using the economy as a political weapon. mitt romney for his part at another separate rally in virginia said don't be deceived by these numbers. they don't reflect the number of people who actually have quit the work force and have given up looking for work. in reality, that number has gone down, too. the so called real unemployment rate now at 14.7%. one more thing. mitt romney in a conservative television interview went and disavowed that infamous comment that he made that has cost him so much politically, that 47% of americans he called victims, said they would never vote for him. he said he was flat-out wrong to make that comment. >> mike, thank you. we asked joe scarborough from "morning joe" to take a look back at the week that was in politics. something we're going to call our "weekend mojo." >> so, joe, it was an important week. the presidential election, the unemployment rate came out yesterday at 7.8%. that seems to be -- appeared to be good news for the president. >> there's a big economic debate on exactly what it means. we debated it this week when the number ca

to trust obama on the economy. that represents little change from the last poll when obama held the advantage over mitt romney. but you are right, jim, it is amazing to the degree that one debate has changed just incredibly disastrous campaign. there you go main stream media, fight. fight. fight. >> yeah, exactly. mraus >> stephanie: i'm getting confused on which conspiracy did i cook the job numbers more or the polls. oh, look, it is the john and pam show, everybody from ohio. ♪ from ohio, it's the john and pam show ♪ ♪ it's the john and pam, john and pam, john and pam show ♪ >> stephanie: good morning, john and pam. >> caller: good morning, everybody. >> caller: good morning jim and chris. i am so mad. how dare him stand up in front of those military flags and give a foreign policy speech. the only thing that man knows foreign is his bank accounts in the caymans. reran away from war. and he wants to stand up? that man is going to put us in another war, and these people better wake up that support this idiot, and vote him out before he even gets in. >>

car -- it's that easy. ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> our third story "outfront." for the fourth day running, gas prices on the west coast in california were a record high. the national average, $3.80. in california almost a dollar higher. one way to bring down costs, more drilling, and that is a highly political topic. today shell is trying to do that. drilling in the arctic chukchi sea for the first time in two decades, say they could meet a fifth of our country's energy needs. environmental groups are fighting it hard, saying the unpredictable climate means another oil spill is likely and could be catastrophic and an oil spill could take two years to stop because of the thick winter ice. that's a terrifying thought. so this is new round of drilling worth the risk and is shell taking enough precautions to prevent a deep water disaster on steroids? we're "outfront" in the alaskan sea. and we can see the weather looks grim. what is shell doing? >> reporter: winter is approaching. they have

the meningitis outbreak. (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> our third story "outfront." for the fourth day running, gas prices on the west coast in california were a record high. the national average, $3.80. in california almost a dollar higher. one way to bring down costs, more drilling, and that is a highly political topic. today shell is trying to do that. drilling in the arctic chukchi sea for the first time in two decades, say they could meet a fifth of our country's energy needs. environmental groups are fighting it hard, saying the unpredictable climate means another oil spill is likely and could be catastrophic and an oil

interrupting each other. >> for 90 minutes voters saw two dramatically different visions. >> for the economy. >> the last people who need help are 120,000 families for another -- another $500 billion tax cut over the next ten years. >> our entire premise of these tax reform plans is to grow the economy and create jobs. >> reporter: to national security threats like a nuclear iran. >> if they get nuclear weapons other people in the neighborhood will pursue their nuclear weapons as well. >> war should always be the absolute last resort. >> reporter: for the most part it was a substitute debate between two longtime lawmakers who tried to disagree without being too disagreeable. >> biden avoided any trademark gaffes, but did provide a little levity. >> this is a bunch of stuff, look -- >> what does that mean? >> it means it's simply inaccurate. >> the irish. >> the irish call it malarkey. >> thank you. >> dana joins us live from danville, a woman who didn't sleep much. this is a spirited show, dana bash. it was definitely fun to watch, but did they achieve what they wanted to achieve any come ou

in that european debt crisis that is cutting into the growth of the u.s. economy. late today, standard & poor's downgraded spain's credit rating to just above junk bond status. now it's going to be a lot more expensive for spain to finance its crushing debt, and spain is likely to need a bailout. the taliban tried to silence a pakistani hero. why do they think a 14-year-old is so dangerous? that's next. next. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm

starts around 4:45 in the morning, and ends close to 1:00 a.m. you do what you have to do in this economy. >> her vote, she said, is for jillian's future. she was leaning mitt romney until his own words pushed her back to undecided. >> about the 47%, and i can't worry about them. how can you put your faith and trust in a candidate that doesn't care about everybody? >> to win ohio and other key battlegrounds, romney must overcome the doubts of working moms like jessica. new cnn polling shows a post-debate romney bounce but still a narrow obama lead. white women are the battle within the battleground. 52% support the president now. that's up from the 47% he received here in 2008. >> they're all worried about putting food on the table, raising kids who are happy and healthy, who are going to have a good future, graduate into an economy where they can find a job. >> democratic pollster margie has been studying so-called walmart moms for several years. >> we have seen them be swing voters over the years. twoup2008, they voted for obam. in 2010, they were more divided. by november 2010, they we

, how does it wor tabo.eaire >> stimulating the economy, the president has not laid out his plan and they are saying, why doesn't governor romney lay out hisplan. he has done it over and ovend h tedutcug rd >> i would rr ben t side of momentum. >> if you are driving across the country and you say you will do it in 15 years can you not do that unless you speed. that is what mitt romney is sayi >>shd:y saey ll tutit h ld. stands to reason that the american people would go, you should tell us how but they are not going to. >>guest: i think we will hear it from the vice predent. wdov il >>shepard: all right guys, john, john, everyone is john today. we will be in kentucky tomorrow. i will miss the fox report welthrheufuse we have to fly. mo aios i o e dc nrkanet baier and megyn will host it on the news channel, going a few minutes before hanny's time ot the f sldaw elarak tith cost the government hundreds of millions. wait, wait, wait, cost the government? what they really mean is, it cost the people. so if wells fargo paid hundreds of millions in fne are ty pe?ng toive ttack t ouini

the word autonomy. >> guest: combination of plutocracy in our economy. >> guest: autonomy is less excitable word than plutocracy. but his point was there a few platonic mates around the world and is characterized by a tremendous concentration of wealth at the top and the wealth that is greater than say the bottom 90%. and he says that's who's going to buy products. that is who's going to drive the economy and the middle-class is not as important. >> i think you seen the book for people who make less than $200,000, they don't count. just good they are relevant. and this is in the eyes of the hedge fund people. these are hedge fund people talking. and you can understand where they're coming from. the middle class in china endorse the middle-class. middle class in india, brazil, you name it. it's why they say the u.s. is kind of irrelevant nonsense. >> they are always looking for growth and that is the heart of global financial aristocracy. they want growth. they want rosenstock script on the companies at the multinational connections and operations and revenue streams. and that's why they see

think? 31% say worse. are they right, are they wrong? >> the economy will be better, but it's a question of how much better. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst gdp performance and jobs perform ann of any president. things are getting better, but at such an anemic rate. >> let's move on. go ahead. jump in. >> you know what the problem was with that promise? they should have never made that. promises get people elected. promises get things passed, so now mitt romney says i'm going to create 12 million jobs over four years. 250,000 jobs a month. a ridiculous claim and what does the obama campaign do because morning in america sounds better than evening in america, the obama campaign says there's that's a low bar. we can do that, too. >> briefly here, you mentioned the idea of a conspiracy theory. this

to know that it is going to cost you more. the big weekend proved to be a huge one for the local economy. hundreds of thousands of people enjoying the clear skies. in joining the fleet week activities. and the big draws between besides the fleet week was of course the street festival. and the festival and golden gate park. a lot of businesses and charities came out. restaurant tables were packed. just about every corner of the city sought a huge revenue. >> we are getting a huge ridership with over 319,000 on sat... purchasing tickets. and sunday is also expected to also be huge. great news. >> 60% of our passengers pay there is a huge rider ship. it benefits everybody. >> a lot of money was also, president obama is expected to attend a fund-raiser. with alex smith, john legend and others set to perform. tickets as much as $7,500. >> taking a look at these cincinnati reds. baumgartner struck out and he retired the first drawe14. and this single had to the center fielder making it for-nothing. madison baumgartner only gave up seven hits. there is tam lincecum he is not going to be a start

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